Tue06192018

LAST_UPDATETue, 19 Jun 2018 2pm

Samsung To Be Hit With $388m Of Extra Corporate Tax In 2018

Samsung Electronics is set to be hit with a significant corporate tax increase next year, with the Seoul-based company being expected to pay an additional $388 million (425.3 billion won) based on the latest changes to South Korea’s legal framework regulating corporate income.

Read more: Samsung To Be Hit With $388m Of Extra Corporate Tax In 2018

Volcano Threatens Bali's Tourism Industry

Pic: VOA

JAKARTA — Mount Agung, an active volcano on the Indonesian island of Bali, appears ready to erupt after months of ominous steaming.

Read more: Volcano Threatens Bali's Tourism Industry

Ringgit Opens Flat Against US Dollar

KUALA LUMPUR  -- The ringgit opened flat against the US dollar this morning on subdued demand for the local currency and as the greenback strengthened on continued tax reform bill optimism, dealers said.

Read more: Ringgit Opens Flat Against US Dollar

Cyberjaya Aims To Be First Cashless City Using E-Wallet TaPay

Filepic: propertyguru

CYBERJAYA: Cyberjaya aims to be the first cashless city in the future with the launch of Malaysia’s first community-built e-wallet TaPay (Take Action Pay) yesterday, said Treasury Ministry secretary-general, Tan Sri Dr Mohd Irwan Serigar Abdullah.

Read more: Cyberjaya Aims To Be First Cashless City Using E-Wallet TaPay

AT&T/Time Warner Antitrust Trial Set For March

Pic: Reuters

WASHINGTON - The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s $85 billion purchase of media company Time Warner Inc will begin on March 19 with no decision expected before the companies’ April 22 deadline to complete the deal, a federal judge said on Thursday.

Read more: AT&T/Time Warner Antitrust Trial Set For March

Alibaba Redraws Retail Fault Lines With Bricks-And-Mortar Push

Pic: Reuters

HANGZHOU, China - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.

Read more: Alibaba Redraws Retail Fault Lines With Bricks-And-Mortar Push

Bitcoin Flirts With $16,000, Alarm Bells Ring Louder

LONDON/NEW YORK: Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

Read more: Bitcoin Flirts With $16,000, Alarm Bells Ring Louder

China Coal-To-Gas Switch Delayed To Avert Heating Crisis

The Chinese government has scaled back its ambitious plans to eradicate coal-fired heating for this winter amid shortage of gas.

Read more: China Coal-To-Gas Switch Delayed To Avert Heating Crisis

No Brexit Deal Worst-Case Scenario For Britain - Lords Committee

Pic: ReutersLONDON: Britain will fail to agree a free trade deal with the EU before it plans to leave the bloc in 2019 and should seek a transition period to avoid a worst-case scenario of crashing out without an agreement, lawmakers from parliament’s upper house said.

Read more: No Brexit Deal Worst-Case Scenario For Britain - Lords Committee

Air New Zealand Cancels Flights After "Events" Involving Rolls-Royce Engines

Pic: ReutersAir New Zealand Ltd said on Thursday “two recent events” involving Rolls-Royce Holdings PLC Trent 1000 engines had prompted it to cancel and delay some international flights over the coming weeks, making it the latest airline to experience problems.

Read more: Air New Zealand Cancels Flights After "Events" Involving Rolls-Royce Engines